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Should I Buy or Sell First?

One of the fears people have when they decide to sell is not being able to find a new house to buy. Most buyers know they can write an offer on a house and make the offer contingent upon their ability to sell their existing house. If they’re unsuccessful selling their house, they aren’t bound to close on the new house. Sellers should be pleased to know they have the same opportunity to add a similar contingency.

The seller can accept a buyers offer and add a contingency which will give them a time period in which to find their home of choice.
An offer with a home sale contingency isn’t as attractive to a seller as a non-contingent offer so a contingent buyer usually will not be as aggressive in the negotiation. A seller with a “home of choice” contingency, in my view, has a little easier time of it and the contingency seems appropriate. A buyer can see the sellers side and the contingency is seen as a smaller risk. The sale of the buyers one home is an all or nothing condition, while the seller has potentially hundreds of homes from which to choose.